Market Update
Wayne County
Q2 2026
Residential Property Snapshot
Single Family Homes & Condos | Q2 2026
Med. Sales Price
$225k
5% more than in
Q2 2025
Q2 2025
Avg. Days On Market
34
13% more than in
Q2 2025
Q2 2025
Closed Sales
4,552
6% fewer than in
Q2 2025
Q2 2025
Inventory
4,383
16% more than in
Q2 2025
Q2 2025
Sales Price vs. Closed Sales
- Single Family Homes
- Condos
| Median Close Price | Avg Close Price | Sold Total | |
|---|---|---|---|
| Q2 '22 | $190k | $240k | 5530 |
| Q2 '23 | $182k | $224k | 4903 |
| Q2 '24 | $200k | $243k | 4970 |
| Q2 '25 | $214k | $264k | 4826 |
| Q2 '26 | $225k | $273k | 4552 |
Closed
New
Inventory
Closed Sales by Price
- Single Family Homes
- Condos
| Closed Under $500k | 89.1% |
|---|---|
| Q2 '26 | 4056 |
| Q2 '25 | 4347 |
| 1YR CHANGE | -7% |
| Closed $500k - $1m | 9.7% |
| Q2 '26 | 440 |
| Q2 '25 | 407 |
| 1YR CHANGE | +8% |
| Closed $1m - $2m | 1.1% |
| Q2 '26 | 50 |
| Q2 '25 | 67 |
| 1YR CHANGE | -25% |
| Closed Over $2m | 0.1% |
| Q2 '26 | 6 |
| Q2 '25 | 5 |
| 1YR CHANGE | +20% |
Median Sales Price vs. Average Days on Market
- Single Family Homes
- Condos
| Avg Days On Market | Median Close Price | |
|---|---|---|
| Q2 '22 | 23 | $190k |
| Q2 '23 | 30 | $182k |
| Q2 '24 | 30 | $200k |
| Q2 '25 | 30 | $214k |
| Q2 '26 | 34 | $225k |
By Year
By Price
Market Data by Year
- Single Family Homes
- Condos
| Q2 2026
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'25 - '26
Inventory
Inventory represents the number of active properties on the market at the end of the quarter
16%
New Listings
New Listings represents the number of properties listed during the quarter.
9%
Months Supply of Inventory
Months' supply of inventory refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.
18%
Closed Sales
-6%
Average Days On Market
Average Days on Market represents the number of days that a property has been listed until a seller has accepted an offer and signed a contract.
13%
Grosse Ile Township
Median
$366k
DOM
33
Sales
36
Inv
24
Grosse Pointe
Median
$530k
DOM
29
Sales
34
Inv
12
Grosse Pointe Farms
Median
$593k
DOM
11
Sales
38
Inv
14
Grosse Pointe Park
Median
$550k
DOM
21
Sales
43
Inv
15
Grosse Pointe Shores
Median
$913k
DOM
25
Sales
12
Inv
3
Grosse Pointe Woods
Median
$390k
DOM
29
Sales
71
Inv
37
Northville
Median
$593k
DOM
28
Sales
28
Inv
54
Northville Township
Median
$587k
DOM
24
Sales
128
Inv
58